AdEx/Bitcoin Market Overview

• Price opened at $0.00000089 and remained range-bound near $0.00000090 for most of the session.
• A minor pullback to $0.00000087 late in the day suggests potential bearish momentum.
• Trading volume surged early before collapsing, indicating waning interest.
• No strong bullish or bearish candlestick patterns were identified during the 24-hour period.
• Price may test key psychological levels at $0.00000090 and $0.00000088 in the coming session.

AdEx/Bitcoin (ADXBTC) opened at $0.00000089 on October 3, 2025, at 12:00 ET and traded as high as $0.00000090 before closing at $0.00000087 at 12:00 ET on October 4. Total volume for the 24-hour period was 672,181.0 ADX, while total notional turnover amounted to $60.15. Price remained largely confined between $0.00000087 and $0.00000090, with no clear directional bias.

The 15-minute chart shows a flat structure with no strong breakouts. A key support level appears to have formed at $0.00000087 following a pullback in the last candle of the 24-hour period. Resistance persists near $0.00000090, which was briefly tested twice. No clear candlestick patterns such as engulfing or doji were observed, suggesting a lack of conviction from traders. The price appears to be consolidating, which may precede a larger move.

Moving averages on the 15-minute chart show a convergence between the 20-period and 50-period lines, suggesting a potential equilibrium. The 50-period line may act as a short-term support level if the current consolidation breaks downward. On the daily chart, the 200-period line remains below current price levels, indicating no immediate bearish pressure. The price has not closed above the 50-period moving average, which suggests continued indecision.

MACD lines showed no clear divergence or convergence, and the histogram remained flat, indicating no significant momentum buildup in either direction. RSI hovered near the 50 level for most of the period, with a slight pullback below 50 in the final hours, signaling mild bearish sentiment. Bollinger Bands were relatively narrow throughout the session, pointing to low volatility. Price settled near the lower band, suggesting a potential bounce or a continuation of the downtrend. Investors should monitor whether the price stays above $0.00000087 over the next 24 hours. If it breaks below this level, a test of $0.00000086 could follow. Conversely, a return to $0.00000090 could signal a resumption of sideways trading.

Volume spiked early in the session, particularly between 5:00 PM and 6:00 PM ET, where a large bullish candle formed with increased participation. However, the surge was not sustained, and volume quickly fell to near-zero levels for much of the night. This suggests early optimism from buyers that did not materialize into a larger trend. Notional turnover mirrored the volume pattern, peaking at the same time before tapering off. A divergence between price and volume was observed in the late hours, with price moving lower while volume remained dormant. This could suggest a lack of follow-through from sellers.

Fibonacci retracements based on the 15-minute swing high at $0.00000090 and low at $0.00000087 indicate potential support at 38.2% ($0.000000888) and 61.8% ($0.000000882). These levels could serve as reference points for a potential bounce. On the daily chart, if the recent low is taken as a reference point, a 38.2% retracement would be near $0.000000885, which aligns with the same consolidation level observed on the shorter timeframe.

Backtest Hypothesis

A potential backtesting strategy could involve a mean-reversion approach based on the observed consolidation around $0.00000089. Using the 50-period moving average as a trigger, a buy signal could be generated when price crosses back above it from below, accompanied by a bullish divergence in the RSI. Conversely, a sell signal could be generated when price falls below the 50-period line and RSI forms a bearish divergence. Given the low volatility and flat Bollinger Bands, a stop-loss could be set slightly beyond the 61.8% Fibonacci level at $0.000000882 for short-term trades. Traders could also use the 20-period moving average as a dynamic support or resistance level for position sizing and timing entries. This setup could be evaluated for its performance during similar low-volatility sessions to assess its viability for future trading.